Applied Economics

12345678910
Across
  1. 2. The market structure with many buyers and sellers who are all price takers.
  2. 4. The process of distinguishing the firm’s product from other similar products.
  3. 5. This price elasticity measures the percentage change of quantity demanded of a good given a change in the price of another good.
  4. 7. Copyrights, trademarks, and patents are examples of _________ of entry.
  5. 8. The market structure that contains both the characteristics of a monopoly and a perfect competition.
  6. 9. The market structure that allows a firm to dictate the selling price for the good it is selling.
Down
  1. 1. A 1% change in price will result in exactly the same change in quantity demanded.
  2. 3. Means leaving a home country or region.
  3. 6. The market structure that is composed of a few firms selling similar or differentiated products.
  4. 10. a group of people from the Philippines who live and work in another country on a temporary basis.